Medical Microinstruments spa (MMI) received a 15 million euros credit facility from the European Investment Bank (EIB) and with the warranty of European Fund for Strategic Investments (EFSI), one of the main pillars of the Investment Plan for Europe (see here a previous post by BeBeez). Carlo Alberto Marcoaldi, Giuseppe M. Prisco, Hannah Teichmann, and Massimiliano Simi founded MMI in 2015. In 2018, the company raised a Series A financing of 20 million from Andera Partners (lead investor fka Edmond de Rothschild Investment Partners), Panakès Partners, Fountain Healthcare, Sambatech, Gus Castello, and John Engels.
TrenDevice , an Italian vendor of refurbished tech devices, plans to list on Milan Aim by the end of October 2020 (See here a previous post by BeBeez). On 12 October, Monday, the company filed with Borsa Italia the pre-admission application for the trading of shares and warrants. TD started to work on the listing earlier in February and in summer 2019 when it raised 0.44 million euros, over the 0.3 million target, through an equity crowdfunding campaign on CrowdFundMe. TD’s shares price will be of 0,81-0,90 euros for a pre-money market capitalization of 8.5 million and 9.4 million. TD will issue new shares and warrants and launch a capital increase for a total in the region of 3 million. TD will invest the listing proceeds in its organic growth and the development of a C2C marketplace. Alessandro Palmisano (ceo) and Antonio Capaldo (chairman and ceo) founded TD in 2013. The company has sales of above 7.2 million.
Biovitae, a producer of bactericide and virus killing lightbulbs that belongs to P&P Patents and Technologies and Nextsense, is looking for new investors (see here a previous post by BeBeez). The company hired Citi and aims to build a production plant in the South of Italy. Mauro Pantaleo, Rosario Valles and Carmelo Cartiere founded P&P Patents and Technologies.
Phononic Vibes, a deep tech spin-off of Milan Polytechnic University, raised 2.3 million euros from Eureka! Venture (see here a previous post by BeBeez). The round also attracted the resources of Poli360 and Pantecnica. Luca D’Alessandro is the founder and ceo of Phononic Vibes, while Stefano Peroncini is the ceo of Eureka! Venture.
Italian polyclinuc EpiCura raised 1.45 million euros from Unicredit, Cassa di Risparmio di Savigliano, Banca di Cherasco, and BCC Casalgrasso e Sant’Albano Stura (see here a previous post by BeBeez). FinPiemonte poured 0.5 million in the company that will invest all such proceeds in its organic developmente. In June 2019, EpiCura raised one million through an equity crowdfunding campaign on Mamacrowd that attracted the resources of Club degli Investitori, LVenture Group, Club Acceleratori, and Boost Heroes. Alessandro Ambrosio and Gianluca Manitto (ceos) founded the company in 2017.
Spiiky, a social network that allowes to liaise consumers with shops and e-commerce sites, launched an equity crowdfunding on Mamacrowd on the ground of a pre-money value of 6.5 million euros (See here a previous post by BeBeez). The company has a fundraising target of 0.25 – 0.4 million with investment tickets of at least 250 euros. Spiiky previously raised more than 1.3 million in 2 rounds (0.9 million in 2018 and 0.47 million in 2019 from A11 Venture). Matteo Venturelli (head of marketing), Simone Barbolini, Marcello Maletti and Matteo Manelli (ceo) founded the company in 2014. Spiiky will invest the raised proceeds in its organic development.
Italian fintech Workinvoice carried on a partnership with YouDOX, an unit of SMEs service provider DocuMI, and launched the invoice financing service AnticipaMI (see here a previous post by BeBeez). Federico Rostagno is the ceo of DocuMI. Matteo Tarroni (ceo), Ettore Decio and Fabio Bolognini founded Workinvoice in 2013 and sold a 10% to Gruppo Crif in 2018 and launched CribisCash. Earlier in September, Workinvoice and Crif launched Ecobonus 110%, a digital marketplace for the tax incentives of the Italian Government.
Digital Rock Holding, the ecosystem for cryptocurrencies, raised more than 1.5 million euros through an equity crowdfunding campaign on Opstart (see here a previous post by BeBeez). Digital Rock Holding, whose pre -money value amounted to 13.5 million, will invest such proceeds in its organic development and international expansion. DRH owns tinkl.it, OneDime, CheckSig, Cryptovalues, and The Rock Trading. Earlier in September, DRH acquired through a capital increase a 3% of Seed Set
Invictus Capital invested in Entire Digital, an Italian Artificial Intelligence (AI)-based publishing house that startup italiana (see here a previous post by BeBeez). Invictus Capital is bourn out of a partnership that the European Investment Fund (EIF) signed with Cassa depositi e prestiti (Cdp), Alberto Chalon, the cofounder of web search engine Qwant, and Fondo Caravella, the Italian subsidiary of European Angels Fund. Massimiliano Squillace is the founder of Entire Digital and is currently raising fund for expanding its international activities. In October 2019, Entire Digital launched a 3.5 million euros round that attracted 30,000 euros (1% of the business) from Ulixes Capital Partners. Earlier in January, Mauro Del Rio poured resources in the business. In 2019, EDP raised 0.45 million (out of a total 1.2 million) through an equity crowdfunding campaign on Mamacrowd aimed at developing Notizie.it. The company has sales of above one million.
Qonto, a French fintech startup, aims to consolidate further its Italian presence (see here a previous post by BeBeez). The company’s country manager Mariano Spalletti said that Qonto aims to generate in Italy the same results it has in France. Since May 2019, Qonto brokered transactions for 900 million euros in Italy for a 66% increase of the turnover. Earlier in January, the firm raised 104 million euros from institutional investors like Tencent, Alven, and Valar and business angels Taavet Hinrikus and Ingo Uytdehaage. In 2018, Qonto raised 20 million from the European Investment Bank, Alven and Valar.
The Italian equity crowdfunding portal Mamacrowd closed the first real estate campaign it hosted for Vitofin who launched Milan-based project G311 – Green Living (See here a previous post by BeBeez). G311 set a 2 million euros target (see here a previous post by CrowdfundingBuzz) and raised 2.6 million from 200 investors that poured a median amount of resources of 13,000 each. G311 raised equity of 1.6 million from investors.
Chitè, an Italian startup producer of lingerie, closed a round of 0.83 million euros with an overfunding of 0.2 milion (See here a previous post by BeBeez). The company attracted resources from AVM Gestioni, Doorway, Angels4Women (A4W), and Ligurcapital. Doorway was working on Chitè’s fundraising since July 2019. Federica Tiranti and Chiara Marconi (ceo) founded Chitè in 2018 and received the acceleration support of LeVillage by Crèdit Agricole. Antonella Grassigli is the ceo and cofounder of Doorway. Lorenza Morandini is the ceo of A4W while Silvia Pugi is the firm’s champion.
